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Jul 29, 2011
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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Jul 27, 2011
07/11
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a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that president oba
a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote...
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Jul 30, 2011
07/11
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but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is the balanced budget amendment a drop-dead requirement? >> i don't have a drop-dead requirement? i have a whole host of things that my constituents have sent me here to do. cutting spending is one thing and balancing the budge set another thing. what we can do right now is make sure we're cutting spending today. don't give me a deal that cuts spending ten years down the road. show me what you're going to do this year and next year, before americans go back to the polls. >> simple but sort of strange question. are you happy tonight? >> i'm not happy tonight. we started this process back in febru
but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is...
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Jul 26, 2011
07/11
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i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentlemen sit down together and sort of reach a compromise? i'll meet you halfway here. you meet me halfway there. let's get
i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a...
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Jul 8, 2011
07/11
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from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you have a big "titanic" war like this, you want people to be agreeable, but you also want them to represent their interests, because they're supposed to represent the interests of a lot of people in the country. >> i'm someone who believes that the simpson/bowles commission report was a sound way to go. and they called for cutting $2 of spending for every $1 in tax increases or revenue increases. i thought that was pretty sound. in britain, they did three-for-one in the cameron conservative government. but there was always a one. there was always a revenue increase. i personally think that's the right way t
from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you...
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Jul 28, 2011
07/11
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...